-The Table Above Gives the Demand for a Monopolist's Output

question 51

Multiple Choice

-The table above gives the demand for a monopolist's output. What is the marginal revenue when output is increased from 5 to 6 units?

• A) -$2
• B) $18
• C) $4
• D) $3

---

Definitions:

Exempt

Freed or relieved from a duty, requirement, or liability to which others are subject.

Security Interest

A legal claim or encumbrance on property or assets, securing the payment of a debt or performance of some other obligation.

Collateral

Assets pledged by a borrower to secure a loan or credit, which can be seized by the lender if the borrower fails to repay.

Perfected Interest

A legal claim or lien that has been formally established to secure priority over other claims concerning the same asset or property.